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Is a Gold CAC Stacker Really Worth that Much?
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<p>[QUOTE="johnmilton, post: 24656136, member: 101855"]The reverse line is a deal killer for me. Having been on both sides of the table, marks like that are a prime excuse for dealers to pass on buying the coin or knock down your asking price by a considerable amount.</p><p><br /></p><p>When a dealer is selling, the line, "Oh that black line doesn't mean anything. This coin is rare!" When a dealer is buying, it's "You know that's a big problem, and I really don't care about the CAC sticker."</p><p><br /></p><p>You have to realize the doubled die on this piece attracts a limited number of collectors. Add to that, the price is well into five figures, and you have scared off or eliminated the "riff-raff" from the neighborhood. You are talking about well healed collectors who can be fussy as heck.</p><p><br /></p><p>This piece would be a strong pass for me. If the variety is not listed in the "Red Book," I would never pay a five figure sum for it, not even as a dealer unless I had a want list for it. Even then, I would take five minutes to tell my customer why he or she should not buy it.</p><p><br /></p><p>For $30 grand plus, I could have upgraded my 1806 half eagle to something that is really pretty. I would prefer to own that far more than an esoteric die variety of a not so attractive 1901 Morgan Dollar.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 24656136, member: 101855"]The reverse line is a deal killer for me. Having been on both sides of the table, marks like that are a prime excuse for dealers to pass on buying the coin or knock down your asking price by a considerable amount. When a dealer is selling, the line, "Oh that black line doesn't mean anything. This coin is rare!" When a dealer is buying, it's "You know that's a big problem, and I really don't care about the CAC sticker." You have to realize the doubled die on this piece attracts a limited number of collectors. Add to that, the price is well into five figures, and you have scared off or eliminated the "riff-raff" from the neighborhood. You are talking about well healed collectors who can be fussy as heck. This piece would be a strong pass for me. If the variety is not listed in the "Red Book," I would never pay a five figure sum for it, not even as a dealer unless I had a want list for it. Even then, I would take five minutes to tell my customer why he or she should not buy it. For $30 grand plus, I could have upgraded my 1806 half eagle to something that is really pretty. I would prefer to own that far more than an esoteric die variety of a not so attractive 1901 Morgan Dollar.[/QUOTE]
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